The equity capital markets kept at a steady pace this week with $1.7 billion raised from 11 issues and punching through the $95 billion barrier for year-to-date volume. Goldman Sachs increased its lead over UBS with $9.5 billion from 28 deals, while UBS sits in second with $8.6 billion and Credit Suisse in third place with $7.1 billion.
Credit Suisse nabbed third place from fifth last week on the back of Hang Lung PropertiesÆ $859 million bought deal and Hopson Development HoldingsÆ $169 million follow-on, both bookrun on a sole basis.
Citigroup also climbed up a notch to sixth place this week, following Walsin Lihwa CorpÆs $200 million accelerated bookbuild that it ran on a sole basis.
A number of deals are scheduled to price next week, including Parsvnath DevelopersÆ $200 million IPO bookrun by Enam Financial Consultants, Merrill Lynch and Morgan Stanley. Merrill Lynch currently sits in fifth place in the rankings and Morgan Stanley in eighth.
Debt Capital Markets
The debt capital markets saw $310 million raised this week via two trades. UBS has clinched first place with $4.2 billion from 19 deals, marginally ahead of Deutsche Bank in second while Morgan Stanley remains in third place.
The $200 million high yield bond for Parkson Retail Group was the largest issue of the week and led by JPMorgan. UBS ran the books for Pakuwon Jati FinanceÆs $110 million trade.